Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) had its target price dropped by stock analysts at TD Securities from C$20.00 to C$19.50 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 16.63% from the company’s current price.
Several other brokerages have also issued reports on CRR.UN. Canaccord Genuity Group raised shares of Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, February 25th. National Bankshares set a C$20.00 price objective on shares of Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a report on Tuesday, February 1st. Finally, Scotiabank cut their price objective on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Crombie Real Estate Investment Trust has a consensus rating of “Buy” and an average price target of C$19.38.
TSE CRR.UN traded up C$0.29 during trading on Friday, hitting C$16.72. The stock had a trading volume of 134,212 shares, compared to its average volume of 213,341. The stock has a market capitalization of C$2.94 billion and a price-to-earnings ratio of 17.48. The stock has a 50 day simple moving average of C$17.95 and a 200 day simple moving average of C$17.89. The company has a debt-to-equity ratio of 141.11, a quick ratio of 0.06 and a current ratio of 0.15. Crombie Real Estate Investment Trust has a one year low of C$16.08 and a one year high of C$19.09.
In other Crombie Real Estate Investment Trust news, Director Donald Everett Clow sold 25,000 shares of Crombie Real Estate Investment Trust stock in a transaction on Monday, March 28th. The shares were sold at an average price of C$18.50, for a total value of C$462,575.00. Following the completion of the transaction, the director now owns 125,014 shares of the company’s stock, valued at C$2,313,134.04.
About Crombie Real Estate Investment Trust (Get Rating)
Crombie Real Estate Investment Trust (“Crombie”) is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country’s leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada’s top urban and suburban markets.
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